FREQUENTLY USED TERMS:

Net Asset Value (NAV):

Net Asset value is the market value of the assets of the scheme minus its liabilities.The per unit NAV is the net aset value of the scheme divided by the number of units outstanding on the valuation date.

Sale Price:

Is the price you pay when you invest in a scheme also called Offer Price.It may include a sales load.

Repurchase Price:

Is the price at which a close-ended scheme repurchases its units and it may include a back-end load.This is also called Bid price.

Redumption Price:

Is the price at which open-endes schems repurchase their units and close-endes schems redeem their units on maturity.Such prices are NAV related.

Sales Load:

Is a charge collected by a scheme when it sells the units.Also called,"Front-end" load.Schemes that do not charge a load are called "No Load" schemes.

Repurchase or 'Back-end'Load:

Is a charge collected by a scheme when it buys back the units from the unit holders.